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Trump plans to appeal Trump Organization’s tax evasion conviction

 


Trump Organization has been found criminally responsible for tax evasion committed by two company executives. Donald Trump denounced the jury’s result and claimed that his company was not involved in the scheme. The former president said he plans to appeal the results. Loading Something is loading.

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Donald Trump lamented that it’s hard to be a “Trump” in New York after a Manhattan jury on Tuesday found the former president’s real estate empire criminally liable for tax evasion.

“New York City is a tough place to be ‘Trump’ as businesses and people flee our once great city,” the former president said in a statement.

The Trump Organization was found guilty of tax evasion on Tuesday after a Manhattan jury deliberated for a total of 10 hours, ending a nearly six-week trial. The company now faces up to $1.6 million in penalties when sentencing on Jan. 13.

In the statement, Trump said he was disappointed with the verdict and planned to appeal the decision. The former president also posted a separate response on social media, apparently reacting to the verdict on Truth Social late Tuesday night.

“THE GREATEST WITCH HUNT OF ALL TIME CONTINUES, AGAIN AND AGAIN, AND THE PEOPLE OF THIS COUNTRY ARE NOT GOING TO TENDER MUCH LONGER. A GIANT POLITICAL SCAM!!!” he wrote.

Two top executives of the organization are at the center of the sentencing: former chief financial officer Allen Weisselberg and payroll executive Jeffrey McConney.

In August, Weisselberg pleaded guilty to 15 counts of tax evasion and other financial crimes and admitted to conspiring with his colleague McConney.

Both men, however, denied that the organization could have benefited from their misconduct. The onus was on the Manhattan District Attorney’s prosecution team to prove that others in the company had profited from the tax evasion scheme.

Evidence presented during the trial revealed that Trump or his sons, Eric Trump and Donald Trump Jr., signed for luxury apartments, Mercedes-Benzes, tuition at private schools and other “benefits” not taxable that were not included in the W of the business. -2 tax forms.

Trump and his sons have not been charged in the case.

In his statement, Trump pinned the tax evasion scheme on Weisselberg and denied that he or any member of his family knew about the scheme. He added that his organization did not benefit financially from Weisselberg’s actions.

“Why would corporations, which knew nothing of Weisselberg’s personal tax filings, be prosecuted for this person’s conduct?”

Although Trump himself has not been tried, the sentencing could have implications for the former president.

The Trump Organization could be barred from pursuing any federal contracts, for example, which includes the continued use of Secret Service agents who stay at Trump properties. The House Oversight Committee found that the organization charged the Secret Service more than $1.4 million to stay at properties during Trump’s presidency.

Sources

1/ https://Google.com/

2/ https://www.businessinsider.com/trump-plans-to-appeal-tax-fraud-conviction-of-trump-organization-2022-12

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